UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  FORM 10-QSB


(MARK ONE)

[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2002.

OR

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _____ TO _____.


                        COMMISSION FILE NUMBER: 333-30914

                             XTREME COMPANIES, INC.
       (Exact name of small business issuer as specified in its charter)


             Nevada                                               88-0394012
(State or other jurisdiction of                                 (IRS Employer
 incorporation or organization)                              Identification No.)

     8100 West Sahara, Suite 200
         Las Vegas, Nevada                                           89117
(Address of principal executive offices)                          (Zip Code)


                                 XTREME WEBWORKS
              (Former name, former address and former fiscal year,
                         if changed since last report.)

Indicate by check mark whether the registrant: 1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the past 12 months (or for such shorter period that the registrant was required
to file such reports), and 2) has been subject to such filing requirements for
the past 90 days. YES [X] NO [ ]

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date:

At September 30, 2002,  there were  30,000,000  shares issued and outstanding of
the Registrant's Common Stock, $.001 par value.

Transitional Small Business Disclosure Format (check one): YES [ ]  NO [X]
<PAGE>
PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

<TABLE>
<CAPTION>
                                                            September 30,   December 31,   December 31,
                                                                2002           2001           2000
                                                             -----------    -----------    -----------
                                                             (Unaudited)
(Audited) (Audited)
<S>                                                          <C>            <C>            <C>
                                     ASSETS
CURRENT ASSET
  Cash                                                       $    32,792    $    14,996    $     5,484
  Accounts receivable, net of
  allowances for doubtful accounts
  of $0, $0 and $20,000 (Note 3)                                   8,209          4,877          4,325
  Officer receivable (Note 1)                                         --         73,106        115,338
  Notes receivable (Note 1)                                           --         31,979         21,226
  Prepaid assets                                                      --              0              0
                                                             -----------    -----------    -----------

   Total current assets                                      $    41,001    $   124,958    $   146,373

PROPERTY AND EQUIPMENT, NET                                  $    10,769    $    13,954    $    17,368
NON-MARKETABLE SECURITIES                                    $    20,202    $    23,202    $    49,100
LICENSED INTELLECTURAL PROPERTIES                            $    30,000    $        --    $        --
                                                             -----------    -----------    -----------

   Total assets                                              $   101,972    $   162,114    $   222,941
                                                             ===========    ===========    ===========

                      LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
  Notes payable (Note 2)                                     $   133,168    $   110,586    $    60,100
  Accounts payable                                               287,463        235,897         26,660
  Unearned revenues (Note 1)                                      28,729         66,157         45,733
  Accrued liabilities                                             94,866         68,505          9,046
                                                             -----------    -----------    -----------

   Total current liabilities                                 $   544,226    $   481,145    $   141,539

STOCKHOLDERS' EQUITY (NOTE 3)
  Common stock: $.001 par value;
  authorized 50,000,000 shares;
  issued and outstanding
  3,790,066 shares at December 31,2000;                                                    $     3,790
  3,950,318 shares at December 31,2001;                                     $     3,790
  30,970,065 shares at June 30,2002;                         $    30,970
  Additional Paid In Capital                                   1,219,944      1,219,944      1,079,086
  Accumulated deficit                                         (1,693,168)    (1,542,925)    (1,001,474)
                                                             -----------    -----------    -----------

   Total stockholders' equity                                $  (442,254)   $(319,191.0)   $  81,402.0
                                                             -----------    -----------    -----------

   Total Liabilities and
   stockholders' equity                                      $   101,972    $   161,954    $   222,941
                                                             ===========    ===========    ===========
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                  For the three                   For the nine
                                  months ended                    months ended
                                  September 30,                   September 30,
                          ----------------------------    ----------------------------
                              2002            2001            2002            2001
                          ------------    ------------    ------------    ------------
<S>                       <C>             <C>             <C>             <C>
Revenues (Note 1)         $     28,503         207,859         158,327         334,827
Cost of Revenues                 7,037         126,841         104,260         212,780
                          ------------    ------------    ------------    ------------
Gross profits (loss)      $     21,466    $     81,018    $     54,067    $    122,047

Operating, general and
administrative expenses
  Payroll and
  related expenses        $      5,339    $     54,189    $     41,295    $    121,827
  Director Compensation              0               0               0               0
  Consulting                     3,310           8,652          47,695           8,652
  Other operting
  expenses                         945          90,520         105,126         141,808
  Depreciation                   1,649           1,573           4,947           3,145
                          ------------    ------------    ------------    ------------

  Operating, general
  and administrative
  expenses                $     11,243    $    154,934    $    199,063    $    275,432
                          ------------    ------------    ------------    ------------

  Operation (loss)        $     10,223    $    (73,916)   $   (144,996)   $   (153,385)

Non-operating income
(expenses)
  Interest income                    0    $      2,958    $      2,247    $      5,817
  (Loss) on
  non-marketable
  securities                         0               0               0               0
  Interest expense              (2,498)         (8,296)         (7,494)         (9,680)
                          ------------    ------------    ------------    ------------

  Net (loss)              $      7,725    $    (79,254)   $   (150,243)   $   (157,248)

Federal and state
income taxes                         0               0               0               0
                          ------------    ------------    ------------    ------------

  Net (loss)              $      7,725    $    (79,254)   $   (150,243)   $   (157,248)
                          ============    ============    ============    ============

  Net (loss) per share           0.003           (0.02)         (0.005)          (0.04)
                          ============    ============    ============    ============

  Average Number of
  Shares of Common
  Stock Outstanding         30,970,065       3,810,021      30,970,065       3,800,836
                          ============    ============    ============    ============
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                                 Common Stock and Capital
                                                  In Excess of Par Value
                                                 -------------------------    Accumulated
                                                   Shares        Amount        (Deficit)
                                                 ----------    -----------    -----------
<S>                                              <C>           <C>            <C>
Balance at December 31, 1999                      1,170,526    $   334,435    $  (165,753)

January 1, 2000, issued from subscribed             108,500    $    31,000

January 1, 2000, issued for services                 62,125    $    17,750

May 8, 2000, issued for cash                        184,800    $    52,800

May 8, 2000, issued for services                    103,156    $    29,473

August / September, issued for cash                 425,600    $   121,600

September 6, 2000. Issued for services            1,947,610    $   556,460

November 17, 2000, Rescission of Stock             (212,251)   $   (60,642)

Net (loss), December 31, 2000                                                    (835,721)

Balance at December 31, 2000                      3,790,066    $ 1,082,876    $(1,001,474)

Issued common stock for services                      7,000    $     7,000

Sale of stock from Rule 506 Private Placement        25,000    $    50,000

Issue stock for conversion of loan                   50,000    $    52,871

Issued common stock for cash                         41,000    $    20,504

Reinstate common stock                               37,251    $    10,643

Net (loss), December 31, 2001                                                    (541,451)

Balance, December 31, 2001                        3,950,318    $ 1,223,894    $(1,542,925)

Net (loss), March 31, 2002                                                        (83,389)

Balance, March 31, 2002                           3,950,318    $ 1,223,894    $(1,626,314)

April 24, 2002, Reverse Split                    (3,160,253)   $    (2,980)

Issued common stock for Patent Rights             5,000,000    $     5,000

Issued common stock for Patent Rights            25,000,000    $    25,000

Balance, June 30, 2002                           30,790,065    $ 1,250,914    $(1,626,314)

Net (loss), June 30, 2002                                                         (74,579)

Balance, June 30, 2002                           30,790,065      1,250,914    $(1,700,893)

Net (loss), September 30, 2002                                                      7,725

Balance, September 30, 2002                      30,790,065    $(1,693,168)
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                            For the three             For the nine
                                            months ended              months ended
                                            September 30,             September 30,
                                       ----------------------    ----------------------
                                          2002         2001         2002         2001
                                       ---------    ---------    ---------    ---------
<S>                                    <C>          <C>          <C>          <C>
Cash Flow From Operating
Activities
Reconciliation of net loss
to net cash (used) in operating
activities

Net loss                               $   7,725    $ (79,254)    (150,243)   $(157,248)
Adjustments to reconcile net
(loss) to cash (used in)
operating activities:
Depreciation                               1,649        1,573        4,947        3,145
Loss write-off of non-marketable
securities                                                  0            0            0
Stock issued as compensation                                0            0        7,000
Changes in assets and liabilities
(Increase) in accounts receivable         (5,767)     (19,679)      (3,790)     (41,185)
(Increase) in decrease in
officers and notes receivable                  0       (2,944)      (1,647)      (5,795)
(Increase)decrease in prepaid assets      (6,070)           0       (6,070)          --
Increase in notes payable                      0       29,872           --       61,872
Increase (decrease)in accounts
payable                                   (1,704)     (20,761)      45,925         (698)
Increase in accrued liabilities
and unearned revenues                      6,719       51,445       17,385       97,397
                                       ---------    ---------    ---------    ---------

Net cash provided by (used in)
operating activities                   $   2,552    $ (39,748)   $ (93,493)   $ (35,512)

Cash Flows From Investing
Activities

Net borrowings (payments to)
related parties                        $  86,894    $ (10,103)   $ 101,740    $  (7,444)
Purchase of equipment                          0            0            0            0
                                       ---------    ---------    ---------    ---------

Net Cash provided by (used in)
investing activities                   $  86,894    $ (10,103)   $ 101,740    $  (7,444)

Cash Flows From Financing
Activities

Issuance of common stock                       0    $  50,000            0    $  50,000
Proceeds from subscriptions in
advance                                        0            0            0            0
                                       ---------    ---------    ---------    ---------

Net cash provided by financing
activities                             $      --    $  50,000    $      --    $  50,000

Net increase (decrease) in cash           89,446    $     149        8,247    $   7,044
Cash and cash equivalents
at beginning of period                     6,727    $  12,379       14,996    $   5,484
                                       ---------    ---------    ---------    ---------

Cash and cash equivalents
at end of period                          96,173    $  12,528       23,243    $  12,528
                                       =========    =========    =========    =========
</TABLE>
<PAGE>
XTREME COMPANIES, INC.
NOTES TO FINANCIAL STATEMENTS
September 30, 2002, December 31, 2001 and 2000

Note 1. NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES

NATURE OF BUSINESS

Xtreme Companies, Inc.'s plan is to seek, investigate, and if such investigation
warrants, acquire an interest in one or more business opportunities presented to
it by persons or firms desiring the perceived advantages of a publicly held
corporation. Xtreme Companies, Inc. may seek a combination with a firm which
only recently commenced operations, or a developing company in need of
additional funds to expand into new products or markets or seeking to develop a
new product or service, or an established business which may be experiencing
financial or operating difficulties and needs additional capital which is
perceived to be easier to raise by a public company. In some instance, a
business opportunity may involve acquiring or merging with a corporation which
does not need substantial additional cash but which desired to establish a
public trading market for its common stock. Xtreme Companies, Inc. may purchase
assets and establish wholly owned subsidiaries in various businesses or purchase
existing businesses as subsidiaries. Xtreme Companies, Inc.' s management team
will oversee each of these subsidiaries to ensure the effective and efficient
business operations. All subsidiaries will bring high value to Xtreme Companies,
Inc. in an effort to maximize shareholder value. Xtreme Companies, Inc. changed
its name from Xtreme Webworks on April 29, 2002.

A SUMMARY OF THE COMPANY'S SIGNIFICANT ACCOUNTING POLICIES IS AS FOLLOWS:

ESTIMATES

The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting period.
Actual results could differ from those estimates.

CASH

For the Statements of Cash Flows, all highly liquid investments with maturity of
three months of less are considered to be cash equivalents. There were no cash
equivalents as of September 30, 2002, December 31, 2001 and 2000.
<PAGE>
INCOME TAXES

Deferred taxes are provided on a liability method whereby deferred tax assets
are recognized for deductible temporary differences and operating loss and tax
credit carry forwards and deferred tax liabilities are recognized for taxable
temporary differences. Temporary differences are the differences between the
reported amounts of assets and liabilities and their tax basis. Deferred tax
assets are reduced by a valuation allowance when, in the opinion of management,
it is more likely than not that some portion or all of the deferred tax assets
will not be realized. Deferred tax assets and liabilities are adjusted for the
effect of changes in tax laws and rates on the date of Note 1. Nature of
Business and Significant Accounting Policies enactment.

Due to the inherent uncertainty in forecasts of future events and operating
results, the Company has provided for a valuation allowance in an amount equal
to gross deferred tax assets resulting in no net deferred tax assets at
September 30, 2002, December 31, 2001 and 2000.

PROPERTY AND EQUIPMENT

Property and Equipment is stated at cost. Depreciation is recorded using the
straight-line method over the following useful life of the assets:

Furniture and equipment                                       7 years
Computer equipment and peripherals                            3 years

OFFICER AND NOTES RECEIVABLE

Officer receivables represent advances to directors or officers of the Company.
Compensation to the officers is expensed as services are performed. The
receivables bear an interest rate of 10% per annum.

Notes receivable represents the net loans to companies controlled or owned by
directors or officers of the Company. The notes are unsecured and due on demand
by the Company. The notes bear an interest rate of 10% per annum.

NON-MARKETABLE SECURITIES

The Company holds stock interest in non-marketable securities, primarily in
non-public companies controlled or owned by directors or officers of the Company
accounted for by the cost method. The method of accounting is evaluated on a
periodic basis for appropriateness based on the existing conditions and the
Company's ability to exercises control. The Company determined a fair value on
the investments in the related parties based on the assets and liabilities of
the investments. The valuation of the investments was reduced for a more than
temporary reduction in value. The Company has no investments that are accounted
for by the equity method.

REVENUE RECOGNITION

The Company's main business plan is to seek, investigate, and if such
investigation warrants, acquire an interest in one or more business
opportunities presented to it by persons or firms desiring the perceived
advantages of a publicly held corporation. These firms will be acquired as
wholly owned subsidiaries and Xtreme Companies, Inc. will receive revenues from
the development and management of these firms.
<PAGE>
SOFTWARE DEVELOPMENT COSTS

Currently, the Company expenses costs of revenues in the period incurred in
accordance with Statement of Financial Accounting Standard (SFAS) No. 86,
"Accounting for the Costs of Computer Software to be Sold, Leased, or Otherwise
Marketed."

In March 1998, the American Institute of Certified Public Accountants (AICPA)
Note 1. Nature of Business and Significant Accounting Policies issued Statement
of Position 98-1, "Accounting for the Costs of Computer Software Developed or
Obtained for Internal Use" ("SOP 98-1"). SOP 98-1 provides guidance on
accounting for the costs of computer software developed or obtained for internal
use. This pronouncement identifies the characteristics of internal use software
and provides guidance on new cost recognition principles. The Company developed
or purchased software Internet tools. Purchased software was modified and
implemented with a minimal "application development stage." These costs were
expensed as incurred. Other Internet tools were developed while the Company
pursued other lines of business. The development time between the "preliminary
project stage," (strategic decision making, allocating resources, etc.) and
implementation was not tracked but management regarded the time as minimal, less
than $1,000 in salary paid. The Company expensed these costs as incurred, as
they were indeterminable and deemed immaterial.

RECLASSIFICATIONS

Certain amounts in the 2001 and 2000 financial statements have been reclassified
to be consistent with the presentation used in 2002.
<PAGE>
Note 2. NOTES PAYABLE

The Company has unsecured notes payable to shareholders of the Company and a
company controlled or owned by directors or officers of the Company.

                                   June 30, 2002    Dec 31, 2002    Dec 31, 2000
                                   -------------    ------------    ------------
Note payable, unsecured,
18% interest, due on demand
to a shareholder of the
company, converted to common
stock September 28, 2001             $      0         $      0         $ 50,000

Note payable, unsecured,
8% interest, due on demand
to a shareholder of the
company                                36,061           36,061                0

Note payable, unsecured,
8% interest, due on demand
to a shareholder of the
company                                42,425           42,425                0

Note payable, unsecured,
10% interest, due on demand
to a shareholder of the
company                                72,175                0                0

Note payable, unsecured,
10% interest, due on demand
to a company controlled or
owned by directors or officers
of the Company                         42,175           32,100           10,100

Total notes payable,
secured and unsecured                $192,732         $110,586         $ 60,100

Accrued interest on related party notes payable, included in accrued expenses as
of September 30, 2002, December 31, 2001 and 2000 was $27,500, $11,253 and $417,
respectively.

Note 3. STOCKHOLDERS' EQUITY

COMMON STOCK

The authorized common stock of the Company consists of 50,000,000 shares with
par value of $0.001. The company had stock issued and outstanding on September
30, 2002, December 31, 2001 and 2000 of 30,790,065, 3,950,318 and 3,790,067
shares, respectively. The Company has not authorized any preferred stock.

NET LOSS PER COMMON SHARE

Net loss per share is calculated in accordance with SFAS No. 128, "Earnings Per
Share." The weighted-average number of common shares outstanding during each
period is used to compute basic loss per share. Diluted loss per share is
computed using the weighted averaged number of shares and dilutive potential
common shares outstanding. Dilutive potential common shares are additional
common shares assumed to be exercised.
<PAGE>
Note 3. STOCKHOLDERS' EQUITY (CONTINUED)

Basic net loss per common share is based on the weighted average number of
shares of common stock outstanding. Weighted average number of shares
outstanding for the three months ended June 30, 2002 and 2001 was 22,465,731 and
3,810,021, respectively, and for the years ended December 31, 2001 and 2000 was
3,840,158 and 2,255,476, respectively. As of June 30, 2002, December 31, 2001
and 2000 the Company had no dilutive potential common shares.

The Company cancelled shares of a former employee in November 2000 for failure
to perform services. In 2001, these shares were reinstated by court order.

PRIVATE PLACEMENT MEMORANDUM

In April 2001, the Company began sales under a Private Placement Memorandum
(PPM) dated January 15, 2001. The PPM proposes to raise $1,000,000 through the
sale of 500,000 shares of stock. The offering is pursuant to Rule 506 of
Regulation D of the Securities Act of 1933. Through May 12, 2002, the Company
had sold 25,000 shares of stock for $50,000.

NASD LISTING

The Company filed disclosure and information statements pursuant to NASD Manual
Rule 6740 and Rule 15c2-11 of the Securities Exchange Act of 1934 with the
National Association of Security Dealers. Effective May 14, 2001, the Company
was granted the symbol XWEB for quotation on the Over-The-Counter Bulletin Board
(OTCBB).

Note 4. RELATED PARTY TRANSACTIONS

Pursuant to the Consulting Agreement ("Agreement"), dated June 1, 1999, with
Shogun Investment Group, Ltd. ("Shogun"), the Company incurred expenses with
regard to the Private Placement Memorandum and other work performed by Shogun
under the terms of the Agreement. Shogun and its officers constructively own
42.7% of the Company. Expenses pursuant to the Agreement were $32,500 and $0 for
the three months ended September 30, 2002 and 2001, respectively, and $205,080
and $200,000 for the years ended December 31, 2001 and 2000, respectively. The
consulting fee for 2000 was converted to stock in September 2000. Included in
accounts payable for the consulting fees are $237,580, $205,080 and $0 as of
June 30, 2002, December 31, 2001 and 2000, respectively.

The Company rents office space from Shogun under a sublease agreement dated
January' 1, 2000. Rent expense to Shogun was $5,577 and $11,154 for the three
months ended September 30, 2002 and 2001, respectively and $19,781 for the years
ended December 31, 2001 and 2000, respectively. Effective January 1, 2002, the
Company signed a new sublease. The lease is for two years with a monthly rent of
$1,859 during the first year and $1,970 the second year. The Company has
negotiated an early release from any lease obligations for the Company. Any and
all further obligations due for the balance of the year ending December 31, 2002
and 2003 have been canceled.
<PAGE>
Note 5. SUBSEQUENT EVENT

On April 26, 2002, the Company executed an Acquisition Agreement ("Agreement")
with Waste Renewal Systems, Inc. ("Waste"), a Nevada Corporation. Under the
terms of the Agreement, the Company will exchange 5,000,000 shares of restricted
common stock for 5,000,000 shares of Waste, representing all of the issued and
outstanding shares of Waste.

On April 29, 2002, the Company amended its Articles of Incorporation and changed
its name to Xtreme Companies, Inc.

On May 15, 2002, the Company executed an Acquisition Agreement ("Agreement")
with Nucon International, Inc., ("Nucon") a Nevada Corporation, later changed to
Nuclear Reduction Systems, Inc., Under the terms of the Agreement, the Company
will exchange 25,000,000 shares of restricted common stock for 25,000,000 shares
of Nucon, representing all of the issued and outstanding shares of Nucon.

On July 8, 2002, the Company began organizing a marketing and sales division to
introduce its municipal solid waste reduction systems. Marketing will begin in
Nevada, California and New York.

On September 5, 2002, the Company began negotiations with various international
companies to market the Company's municipal solid waste reduction systems.
Several of the international companies have already had serious discussions with
various municipalities to provide waste reduction such as Canada, Brazil and
Mexico.

On November 30, 2002, the Company will discontinue to provide Internet Search
Engine services. The Company will turn over all of their existing clients to
other companies that have similar services in order that the last of the
existing customer will be well served. The Company is not expecting to receive
any compensation for their clients, however the Company has made every effort to
assure the clients receive the best possible service do to and during the change
over.

Note 6. GOING CONCERN

The Company's financial statements are prepared in accordance with generally
accepted accounting principles applicable to a going concern. This contemplates
the realization of assets and the liquidation of liabilities in the normal
course of business. Currently, the Company does not have significant cash or
other material assets, nor does it have operations or a source of revenue
sufficient to cover its operation costs and allow it to continue as a going
concern. It is the intent of the Company to seek additional investment through
stock sales and the private placement described in Note 3 to expand operations.
Until that time, the stockholders, officers, and directors have committed to
advancing the operating costs of the company.
<PAGE>
Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
        RESULTS OF OPERATIONS

GENERAL OVERVIEW

The Company's key focuses will be on waste reduction, nuclear waste containment
and innovative sensing and cleaning systems. These markets represent a
cumulative $3 to $5 billion dollars per year of which $2 billion is identified
with no competitor in place.

RESULTS OF OPERATIONS

NINE MONTHS ENDED SEPTEMBER 30, 2002 COMPARED TO NINE MONTHS ENDING
SEPTEMBER 30, 2001.

REVENUES. For the nine months ended September 30, 2002, revenues were
approximately $158,327, a decrease of approximately $176,500 or 53%, versus
revenues of approximately $334,827 for the nine months ended September 30, 2001.
The decrease in revenues for the 2002 period was due primarily to 1) the Company
sustained a down turn in revenues due to the tragic events of September 11 2001,
2) change in the Company's products from web site design to promotion of search
engine placement, 3) the change in the companies overall direction of products
and services, 4) the publication of two publications for one of the Company's
primary clients, was discontinued due to the clients slow down in revenues.

COST OF REVENUES. Cost of revenues for the nine months ended September 30, 2002
decreased by $108,520 or 51%, from the nine months ended September 30, 2001 due
primarily to decrease in revenues.

GROSS PROFIT. Gross profits for the nine months ended September 30, 2002 equaled
approximately $54,067 versus $122,047 in the nine months ended September 30,
2001. This was due primarily to a decrease in revenues for the first three
quarters of the year 2002.

OPERATING, GENERAL AND ADMINISTRATIVE EXPENSES. Operating, general and
administrative expenses decreased to approximately $199,063, a decrease of
$76,369 or 28% for the nine months ended September 30, 2002 as compared to
approximately $275,432 for the nine months ended September 30, 2001. The
decrease in operating expensed for the nine months ended September 30, 2002
occurred primarily due to 1) a decrease in payroll expenses, due to the major
cost of programming expense not required again in 2002, 2) bad debt expense was
not as prevalent as the previous year, and 3) due to the decrease in revenues.

NET PROFIT (LOSS). Net loss for the nine months ended September 30, 2002
decreased by approximately $ 7,005 from the comparable period in September 30,
2001 as a result of the aforementioned decrease in overhead expenses due from
the streamlining of operations.
<PAGE>
LIQUIDITY AND CAPITAL RESOURCES

OVERVIEW. Even though the Company sustained a down turn in revenues due to the
tragic events of September 11, 2001 management believes that the Company will be
able to meet it's current and future obligations primarily with their new
direction of products and services coming on line.

As the nation recovers form the events of September 11, 2001, so does the
Company and management believes that sales will continue to accelerate in the
year 2003.

ASSETS AND LIABILITIES. As of September 30, 2002, the Company has assets of
approximately $101,972, compared to $309,431 as of September 30, 2001. The
decrease of approximately $207,459 was primarily due to a decrease of
approximately $70,173 in accounts receivable, a decrease of approximately
$118,901 officer receivables and a decrease in notes receivable. The Company's
current liabilities increased from $352113 as of September 30, 2001 to
approximately $544,226 as of September 30, 2002. This was due primarily to an
increase in accounts payable, notes payable and accrued liabilities due to the
decrease in revenues and increase in borrowed funds caused by the events of
September 11, 2001.

STATEMENT ON FORWARD-LOOKING INFORMATION

Certain information included herein contains statements that may be considered
forward-looking, such as statement relating to anticipated performance and
financing sources. Any forward-looking statement made by the Company necessarily
is based upon a number of estimates and assumptions that, while considered
reasonable by the Company, is inherently subject to significant business,
economic and competitive uncertainties and contingencies, many of which are
beyond the control of the Company, and subject to change. Actual results of the
Company's operations may vary materially form any forward-looking statement made
by or on behalf of the Company. Forward-looking statements should not be
regarded as a representation by the Company or any other person that the
forward-looking statements will be achieved. Undue reliance should not be placed
on any forward-looking statements. Some of the contingencies and uncertainties
to which any forward-looking statement contained herein is subject include, but
are not limited to, those relating to dependence on existing management,
Internet regulation, leverage and debt service, domestic or global economic
conditions and changes in federal or state tax laws or the administration of
such laws.
<PAGE>
PART II - OTHER INFORMATION

Item 6. EXHIBITS AND REPORTS ON FORM 8-K.

(a)  Exhibits

     Exhibit
     No.       Description
     ---       -----------
     3.1       Articles of Incorporation of Xtreme Companies, Inc. fka Xtreme
               Webworks fka Shogun Advertising, Inc. (Incorporated by reference
               from Exhibit 3.1 of Form 10SB12G/A filed November 7, 2000).

     3.2       Bylaws of Xtreme Companies, Inc. fka Xtreme Webworks fka Shogun
               Advertising, Inc. (Incorporated by reference from Exhibit 3.2 of
               Form 10SB12G/A filed November 7, 2000).

     Material Contracts

     10.1      New Service Agreement (Incorporated by reference from Exhibit
               10.1 of Form 10KSB filed April 3, 2001).

     10.2      Lease Agreement (with attached exhibits). (Incorporated by
               reference from Exhibit 10.2 of Form 10KSB filed March 31, 2002).

(b)  Reports on Form 8-K

The Company filed four reports on Form 8-K during the second quarter of 2002.

8-K REPORT FILED JULY 3, 2002

On July 02,2002 Xtreme Companies, Inc. changed the name of its newly-aquired
wholly owned subsidiary from Nucon1 International, Inc. to Nuclear Reduction
Systems, Inc. to differentiate their nuclear waste treatment company from other
similarly named companies.

8-K REPORT FILED JULY 17, 2002

On July 16, 2002, Xtreme Companies signed a Settlement Agreement in the Breach
of Employment Contract case of Xtreme Webworks v. Marlon et. al. "Without
admissions of fault and for the sole purpose of ending any possible litigation"
the Court ordered the dismissal of all claims between Xtreme and Marlon. As a
condition of the Settlement, Marlon shall transfer any and all Shares of
Xtreme's common stock back to the Company. Gordon & Silver, attorneys for Xtreme
returned the certificate numbered 2272 for 37,251 shares to Xtreme's main office
on July 16, 2002. The shares are to be returned to the treasury of the Company.
<PAGE>
8-K REPORT FILED AUGUST 9, 2002

Mr. Jim Burgaur has tendered his resignation from our Board of Directors
effective immediately. Mr. burgaur has resigned to pursue other matters and has
no disagreement on any matter relating to our Comapny's operation, policies, or
practices.

8-K REPORT FILED AUGUST 16, 2002

On August 9, 2002, Kyle Tingle resigned as Certifying Accountant for the
company. The principal accountant's report on the financial statement for either
of the past two years did not contain an adverse opinion or a disclaimer of
opinion, nor was it qualified or modified as to uncertainty, audit scope, or
accounting principles. During the registrant's two most recent fiscal years and
any subsequent interim period preceding such resignation there were no
disagreements with the former accountant on any matter of accounting principles
or practices.

SIGNATURES

In accordance with the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

XTREME COMPANIES, INC.
(Name of Registrant)

Date: November 13, 2002                 By: /s/ SHAUN HADLEY
                                            --------------------
                                            SHAUN HADLEY
                                            PRESIDENT

Date: November 13, 2002                 By: /s/ PAUL HADLEY
                                            --------------------
                                            PAUL HADLEY
                                            SECRETARY
<PAGE>
CERTIFICATION

In connection with the Quarterly Report of Xtreme Companies, Inc. (the
"Company") on Form 10-Q for the period ending September 30, 2002 as filed with
the Securities and Exchange Commission on the date hereof (the "Report"), I, Don
Bradley, Chief Executive and Chief Financial Officer of the Company, certify,
pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

     (1)  The Report fully complies with the requirements of section 13(a) or
          15(d) of the Securities Exchange Act of 1934; and

     (2)  The information contained in the Report fairly presents, in all
          material respects the financial condition and results of the Company.


                                        /s/ Don Bradley
Date: November 13, 2002                 -------------------------------------
                                        Don Bradley
                                        CHIEF EXECUTIVE AND FINANCIAL OFFICER